Open trading account 
Hello everyone!
Today we are talking about the Canadian dollar and the US dollar: the usdcad couple is in a state of uncertainty, conditioned by the developments in the negotiations between the Usa, Mexico and Canada, which are still stalled. The weekly shows us that the price broke a bullish cone, which could make us think of an imminent recovery of the climb, towards 1.35 and then 1.38,
but attention, the stochastic signals a divergence bearish still not confirmed by the price. Also if we look at the daily we realize that things are more tangled: here we see the couple moving within a descending channel inside a bearish cone, so what to expect?
A first answer can come today with the publication of inflation data, which could, at least in the short term, give a shock to the balance. In any case, better to expect a break, with long entry above 1.32 with a target of 1.35 and a short entry to the break of 1.28 with a target of 1.24-1.22.
Have a nice day!
Today we are talking about the Canadian dollar and the US dollar: the usdcad couple is in a state of uncertainty, conditioned by the developments in the negotiations between the Usa, Mexico and Canada, which are still stalled. The weekly shows us that the price broke a bullish cone, which could make us think of an imminent recovery of the climb, towards 1.35 and then 1.38,
but attention, the stochastic signals a divergence bearish still not confirmed by the price. Also if we look at the daily we realize that things are more tangled: here we see the couple moving within a descending channel inside a bearish cone, so what to expect?
A first answer can come today with the publication of inflation data, which could, at least in the short term, give a shock to the balance. In any case, better to expect a break, with long entry above 1.32 with a target of 1.35 and a short entry to the break of 1.28 with a target of 1.24-1.22.
Have a nice day!
